KSS trade ideas
KSS Long PositionPrice Action:
Weekly: Stock Price is right now in a Double Bottom, and doing the third touch of the weekly trend line. Using Fibonacci ABC we can see that we need a C point to continue the bearish sequence.
Daily: We can see better the third touch of the weekly trend line, and the strenght of the monthly support in 44.00. The daily trend need a third touch.
H4: Wait for a canddle pattern to begin the trade
Possible Pre ER Gapfill on KSS/KohlsKohls has earning pre market Tuesdays,
We are currently sitting at resistance,I think if the market drops a little bit on Mondays, I would buy KSS up play it for a quick run up and sell before ER.
I think it has potential to gap-fill to $62.5.
However if it drops after ER, i would buy the dip around $52 for a run up again.
$KSS Overbought prior to earning SHORT BEFORE EARNING REPORTOverbought short can start below 60-62 or maybe on Monday as KSS reached top of current raising channel with much expectation to bad earning report and frequent falling after earning report with overbought status suggested that KSS will fall after earning report targeting main support at 51.5
KSS - Gap Holding Back KohlsKSS had a gap down on earnings on May 21st. This is the third time price has gotten near or tested the gap resistance level & it has been rejected each time. Price seems to be falling from this level again as it sits in an overbought condition. It provides a short opportunity with a couple of Fibonacci Extension levels provided with the dashed green lines.
KOHLS 1D RANGE TRADESRanges are repeatable trading chart patterns.
Ranges are consolidation chart patterns that can breakout either direction.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending Volume bars and descending ATR line (which indicates volatility) this shows
a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of average volume for a full position size.
b - If 75% of average volume then ½ position size. (To find 75% of Volume
look at the charts volume settings – divide smaller # into larger # = 75%+)
2 - Enter two trades.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 – After Breakout candle – if price closes back into chart pattern close trade
*9 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.
$KSS Remained Bullish Pattern targeting 58.5 Nice setup for LONGThe key point is to close above 50.9 for at least 3 days then goals will be confirmed ..All indicators showing up move since recent bottom . its forms common bullish pattern with head and shoulders setup targeting 50% Fibonacci.. After achieve target we can double check for further move up or down .. in long term next goal will be 62% fibo at 63.5 then 68.8. One major condition for this scenario is to stay above 47.5 . if broken down with volume then cancel the idea .
$KSS SHORT AFTER BOUNCE FOR DEEP SELLING TARGETING 40-35 BEARISHShares drop to new annual low but money flow index showing positive flow which means negative divergence .. if earning better than expected then we can see small bounce to 1.62% fib at 48.7 which is key point .. if touch it then drop it will continue to fall down targeting 42 then 36 or lower
KOHL'S losses weekly 200ma support pre earnings. The risk is all to the downside with this, after what has happened to NYSE:M this week, we don't see the rick of going long worth it, once bitten twice shy, lets just wait and see if it surprises to the upside, we will have plenty of time to join any rally.
AVERAGE ANALYSTS PRICE TARGET $57
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
P/E RATIO 9
SHORT INTEREST 14%
COMPANY PROFILE
Kohl's Corp. owns and operates family-oriented department stores. It offers exclusive brand apparel, shoes, accessories and home & beauty products through its department stores. Its stores offer apparel, footwear and accessories for women, men and children; soft home products, such as sheets and pillows and house wares targeted to middle-income customers. Its stores generally carry a consistent merchandise assortment with some differences attributable to regional preferences. The company was founded in 1962 and is headquartered in Menomonee Falls, WI.
Looking to catch the relief rally popNYSE:KSS Kohl's is beat down (again) after the latest disappointing ER and continued retailpacolypse. But every sell-off has its relief rally pop, and if history is any indicator then Kohl's is ready to have its run. Last major gap down and continued sell-off resulted in very similar indicator setups, and very similar timelines on the relief. Within the next 4 days the last time this happened, Kohl's had rallied up over 10% at its peak. Can grab some June 28 C49 for .50 apiece right now for the short term play. And if I'm wrong, well, I've paid 50 bucks for alot less in my day...GLTA!
Kohl's begins breakoutKohl's (KSS) has been looking better and better on its MACD for a while now, and I've just been waiting for breakout above trendline resistance to confirm its upward reversal. This morning it finally got across the line. It may yet pull back a bit, but I suspect we've seen the bottom for this stock and will begin to see recovery from here.
Long Kss if market rallyKohls has been a pretty good stock, they have expended last year and improved their overall brand in the process.
they took a huge beating with last earning and weak forecast but on the daily time frame, they are really bottoming out.
i think it's ready to rebound soon, especially if we start the bull run pass $300 on spy, this would be a good long shot.
Open position at $46.25
Stop loss at $45.25
Take profit at 49+ 2% trailing stoploss
